Perpetua Resources Corp. has entered into agreements to raise $255 million in equity investments from Agnico Eagle Mines Limited and JPMorganChase. The private placement comes days after Perpetua Resources broke ground on the Stibnite Gold Project. Located in central Idaho, the project is expected to produce the only domestic reserve of the critical mineral antimony, become one of the highest-grade gold producers in the United States, and provide environmental restoration to an abandoned mine site.

Agnico Eagle has agreed to invest $180 million in common shares and receive warrants to purchase up to 2,861,229 common shares priced at 35 percent, 50 percent and 65 percent premiums over one, two, and three year periods, respectively. JPMorganChase has agreed to invest $75 million in common shares and receive warrants to purchase up to 1,192,179 common shares priced at 35 percent, 50 percent, and 65 percent premiums over one, two, and three year periods, respectively.